Business, 23.09.2021 14:00 24swimdylanoh
What effect will each of the following have on the demand for small cars such as the Mini Cooper and Fiat 500?
a. Small cars become more fashionable
b. The price of large cars rises (with the price of small cars remaining the same
c. Income declines and small cars are an inferior good
d. Consumers anticipate that the price of small cars will decrease substantially in the near future.
e. The price of gasoline substantially drops.
Answers: 2
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What effect will each of the following have on the demand for small cars such as the Mini Cooper and...
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